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Meta plans thousands more layoffs as soon as this week

bloomberg.com

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Re: Meta plans thousands more layoffs as soon as this week

#221

Post by sumtechguy »

badpun wrote: post #205
KaiserPro wrote: post #121

Earlier quoted context omitted.

> Mark wants to go all in AI instead of Metaverse I see no evidence of that. The recent announcements are at best a re-org, or worse a cleanup of three+ reorgs where FAIR and others were subsumed into RL-R. It is clear that The Meta leadership doesn't really understand what they are doing. The first cut I suggest was designed to send a message to investors that meta is "serious" about something. I assume that this se…

> Boz: arrogance personified. None of the misteps in the last 4 years are ever his fault. It was market forces that meant that raybans failed, rather than releasing them before they were finished. the quest pro didn't sell, not boz's fault. The market wasnt ready for a capable device with absolutely no software support for the new features. Want to join your friend in a VR game? sure! just perform 15 clicks and wait…

Abstraction costs performance in many cases. But you sometimes want/need that abstraction. But on the other side of that is drop a comment in there how to abstract it if needed but do not abstract it until you need it.

And 'updating' that is my favorite playstation game! It seems to be what I do every time I turn it on every few months.

Re: Meta plans thousands more layoffs as soon as this week

#222

Post by lisasays »

par wrote: post #206

Gotta be honest, as someone working at Meta right now, every week to hear rumors and 'articles' about being laid off, it sucks. :(

Then again - after years of pulling down ridiculously inflated salaries, and under management that is objectively delusional - you all knew this was coming, right?

Re: Meta plans thousands more layoffs as soon as this week

#223

Post by yamtaddle »

pilarphosol wrote: post #210
gwbas1c wrote: post #204

Earlier quoted context omitted.

Back in 2009-2010, when Facebook was going gangbusters, I used to joke that "Facebook is the new AOL." Now Facebook is the old AOL.

I think it’s hilarious that they went and changed their name to their worst idea. The term “metaverse” comes from Snow Crash , which is a dystopia. They would know this if they actually read.

I like it when companies just come out and wear "evil" on their sleeve. Like Palantir. Better than when they try to hide it, anyway.

Re: Meta plans thousands more layoffs as soon as this week

#224

Post by qwytw »

brianshaler wrote: post #113
robertlagrant wrote: post #95

Earlier quoted context omitted.

He must regret daily going for Metaverse. What a crazy move.

It's easy with the benefit of hindsight to say a bold investment that didn't pan out was a crazy move. In this case, it was also easy to say it was a dumb idea contemporaneously.

Unless you were the one of the people saying that this was a dumb idea from the beginning. IIRC there were quite a few people who thought that.

Re: Meta plans thousands more layoffs as soon as this week

#225

Post by onlyrealcuzzo »

lisasays wrote: post #222
par wrote: post #206

Gotta be honest, as someone working at Meta right now, every week to hear rumors and 'articles' about being laid off, it sucks. :(

Then again - after years of pulling down ridiculously inflated salaries, and under management that is objectively delusional - you all knew this was coming, right?

The salaries haven't gone down yet.

Stock prices always go up and down.

Re: Meta plans thousands more layoffs as soon as this week

#226

Post by yamtaddle »

rob74 wrote: post #118
Traubenfuchs wrote: post #111

Earlier quoted context omitted.

> What a crazy move. Not at all! Done right, we could have ended up in a sci-fi future strapped to our VR headsets all day long. But the real life, physical technology is just not here yet (maybe it's impossible and never will be), the software they invented for their lacking headsets is disgustingly bad (Horizon Worlds) and there is no nameworthy content. I assume his advisors and tech leads all pulled the wool over…

> Done right, we could have ended up in a sci-fi future strapped to our VR headsets all day long When I read this phrase, the spaceship from Wall-E comes to mind. But in reality, it would probably look a little bit more dystopian than what Pixar imagined...

The video for "Do the Evolution" by Pearl Jam.

Re: Meta plans thousands more layoffs as soon as this week

#227

Post by hello_moto »

lisasays wrote: post #222
par wrote: post #206

Gotta be honest, as someone working at Meta right now, every week to hear rumors and 'articles' about being laid off, it sucks. :(

Then again - after years of pulling down ridiculously inflated salaries, and under management that is objectively delusional - you all knew this was coming, right?

That last sentence is the cherry on top of "rubbing it off" to the max.

I see that you're jealous...

Re: Meta plans thousands more layoffs as soon as this week

#228

Post by yamtaddle »

red-iron-pine wrote: post #190
Traubenfuchs wrote: post #123

Earlier quoted context omitted.

Most people would say they HATE this future, but most people would LOVE this future. As passive infotainment consumers, stereotypical scroolers, they are already glued to TikTok, Instagram, Facebook, reddit and whatever other digital dopamine dispenser and skinner box there. Significantly improve on that with pleasant, increased or even full immersion and you got the next big thing.

...they say, posting on HN, a slightly watered down dopamine dispenser brought to you by the people that made Reddit happen. I still think VR might be a hard sell for most people. As dumb as large groups of people may be, it's clear that people are ditching FB and slowly backing away from a lot of social media. It's tricking out that it's not always a great thing, and there is legit buy-in from huge chunks of the Lef…

All of this stuff is locked behind AR/VR glasses that are close enough in size, shape, and weight to normal sunglasses. If someone manages to build that, it'll be the biggest thing to hit computing since the smartphone. If not, it's all going nowhere.

Re: Meta plans thousands more layoffs as soon as this week

#229

Post by Balgair »

Quick and dirty rule for those that have not gone through layoffs at a BigCo before: As an employee, the deeper into layoffs you go, the less attractive the layoff package gets. As in, the sooner you're laid off the better the terms and financial incentives.

Not a hard rule, not what may be happening here, but a general rule.

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